Bloomberg Law: AT&T, Lockheed Suits Mark First Real Test for Pension Transfers

Bloomberg Law: AT&T, Lockheed Suits Mark First Real Test for Pension Transfers

Labor Department guidance requires employers seek out the “safest available annuity,” Norman Stein, senior policy counsel for the Pension Rights Center, said. That standard may not be satisfied if employers opt to work with an insurance company facing significant criticism instead of one that’s universally respected, he said.